Refer to the Graph

question 325

Multiple Choice

Refer to the graph. Which one of the following would cause a move from point d to point e along short-run average total cost curve ATC ₂?

• A)diminishing marginal returns
• B)an increase in the wage rate
• C)a decrease in the wage rate
• D)increasing marginal returns

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Definitions:

Genes

Units of heredity made up of DNA that carry instructions for the development, functioning, and reproduction of organisms.

Culture

A system of shared beliefs, values, customs, behaviors, and artifacts that members of society use to cope with their world and with one another.

Brain-implanted Electrode

A device surgically inserted into the brain to record or stimulate electrical activity.

Alcoholic Drink Dispenser

A device designed to store and dispense alcoholic beverages, often used in bars or for home entertainment systems.